For thousands of other reports visit RSC's Mineral Intellingence Map
NGEx Resources Inc.
Summary
| Project: | Constellation | |
|---|---|---|
| Deposit: | Josemaria | |
| Location: | Argentina | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 11/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 20-11-2018: NGEx Resources Inc. announces a Pre-Feasibility Study report for its Josemaria deposit at the Constellation project. PFS results incl. post-tax NPV of US $2.0B, IRR of 18.6%, 20yr LOM. Vancouver - November 20, 2018: NGEx Resources Inc. (TSX: N | |
| Resources: | (Reserve, Prob.): 1008Mt @ 0.29% Cu, 0.21g/t Au, 0.92g/t Ag | |
| CP/QP: | [Overall Report]: Neil Winkelmann, Robert McCarthy (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | Vancouver - November 20, 2018: NGEx Resources Inc. (TSX: NGQ, OMX: NGQ) ("NGEx”, or the “Company”) is pleased to announce the results of a positive Pre-Feasibility Study (“PFS”) at its 100% owned Josemaría project in San Juan province, Argentina. A Conference Call and Webcast to discuss these results will be held on Wednesday, November 21, at 9:00am Eastern Time. All values in this release are reported in US dollars. Commenting on the results, CEO Wojtek Wodzicki stated, “The PFS shows robust economics and confirms the great potential of Josemaría. Long term copper fundamentals are strong, and the global project pipeline is at multi-decade lows. We believe that this scarcity will lead to premium valuations for companies with constructionready projects. We plan to work towards fast-tracking Josemaría towards production by starting work on a feasibility study, securing water rights, and advancing our environmental permitting plans.” Josemaría is a copper-gold (Cu-Au) porphyry system located in the Andes Mountains of San Juan Province, Argentina. The project is located about 10 km from the Chilean border and is about 140 km southeast of the city of Copiapó, Chile and 350 km northwest of the city of San Juan, Argentina. The PFS contemplates that Josemaría would be mined using conventional open pit methods and assumes the latest in autonomous haul truck technologies. From the open pit, ore would be trucked to a primary crusher, crushed, and then sent to the process plant. The comminution circuit design considers a high-pressure grind roll (“HPGR”) crushing circuit followed by ball mill grinding. The circuit was designed to process 150,000 tonnes per day of ore. Conventional sulphide flotation will follow the comminution stage and is expected to produce a gold and silver-rich copper concentrate. Groundwater for the process plant would be supplied from nearby aquifers to the plant site, and power would be supplied via 250 km of power line construction to connect to the Argentine national grid. Concentrates would be trucked from the plant to the port of Caldera in Chile, approximately 380 km by road from the Josemaría plant site, requiring the construction of 57 km of new road to connect to the public highway. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report